1,450 Shares in Chesapeake Energy Co. (NASDAQ:CHK) Purchased by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC purchased a new stake in Chesapeake Energy Co. (NASDAQ:CHK) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,450 shares of the company’s stock, valued at approximately $129,000.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Chesapeake Energy during the 1st quarter valued at about $71,000. CVA Family Office LLC acquired a new stake in Chesapeake Energy during the first quarter valued at approximately $888,000. Inscription Capital LLC bought a new stake in shares of Chesapeake Energy in the 1st quarter valued at approximately $207,000. Wedmont Private Capital bought a new stake in shares of Chesapeake Energy in the 1st quarter valued at approximately $279,000. Finally, NBC Securities Inc. raised its holdings in shares of Chesapeake Energy by 3.3% in the 1st quarter. NBC Securities Inc. now owns 12,473 shares of the company’s stock worth $1,117,000 after buying an additional 401 shares in the last quarter. Institutional investors own 97.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHK. UBS Group upped their price target on Chesapeake Energy from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Scotiabank increased their target price on shares of Chesapeake Energy from $92.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. KeyCorp began coverage on shares of Chesapeake Energy in a research report on Thursday. They issued a “sector weight” rating on the stock. Truist Financial dropped their price objective on shares of Chesapeake Energy from $119.00 to $112.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, Benchmark reduced their target price on Chesapeake Energy from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Chesapeake Energy presently has a consensus rating of “Hold” and a consensus price target of $106.67.

Chesapeake Energy Stock Down 0.5 %

NASDAQ CHK opened at $82.32 on Friday. The stock has a market capitalization of $10.79 billion, a P/E ratio of 11.09 and a beta of 0.50. Chesapeake Energy Co. has a 52 week low of $72.84 and a 52 week high of $93.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.33 and a current ratio of 2.33. The stock has a fifty day moving average of $88.22 and a 200-day moving average of $83.51.

Chesapeake Energy (NASDAQ:CHK) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.08). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $674.99 million. Chesapeake Energy had a net margin of 16.42% and a return on equity of 4.87%. During the same quarter in the prior year, the business earned $1.87 EPS. On average, equities research analysts forecast that Chesapeake Energy Co. will post 0.98 EPS for the current year.

Chesapeake Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Thursday, May 16th were given a dividend of $0.715 per share. This is a boost from Chesapeake Energy’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $2.86 annualized dividend and a dividend yield of 3.47%. Chesapeake Energy’s payout ratio is currently 31.00%.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.